AGR issue an ‘unprecedented’ crisis for telecom sector dealt with by govt, says Bharti Airtel Chairman Sunil Mittal

New Delhi: Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad and sought reduce in taxes and levies for the sector, amid the “unparalleled” AGR crisis.

Mittal claimed Airtel is fully commited to complying with the Supreme Court docket buy on modified gross income (AGR) dues and asserted that the corporation will make harmony payment “expeditiously”.

“AGR is an unprecedented crisis for market, which is being dealt with by government,” he said.

Mittal more said the sector is closely taxed and recommended minimize in taxes and levies for the sector.

He claimed Airtel has time until 17 March to make equilibrium payments, introducing that the company will shell out its dues “significantly ahead of that”.

Mittal on Wednesday reported the telecom sector has been below tension for the past a few-and-a-50 percent yrs and the authorities should really emphasis on its sustainability.

After assembly major finance ministry officers, he informed reporters that the issue of pending dues arising out of the Supreme Court docket ruling on Altered Gross Earnings (AGR) was not talked about.

Airtel has compensated Rs 10,000 crore out of its estimated liability of more than Rs 35,000 crore.

Vodafone Concept Chairman Kumar Mangalam Birla, who had fulfilled the telecom secretary on Tuesday, also satisfied finance ministry officers on Wednesday.

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